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Global Polypectomy Snare Market

Polypectomy Snare Market Size, Share & Trends Analysis Report By Product (Single-Use Polypectomy Snares and Reusable Polypectomy Snares), By Type, By End-Users, Region And Segment Forecasts, 2023-2031.

Report ID : 1163 | Published : 2023-07-13 | Pages: 190 | Format: PDF/EXCEL

The Polypectomy Snare Market is expected to grow at a 6.0 % CAGR during the forecast period for 2023-2031.

Polypectomy Snare Market

The Polypectomy Snare is a medical instrument used in clinical polypectomy operations. Polypectomy is a process of removing polyps which is usually carried out in the healthcare facility. The polyps develop in the tissue and spread into the hollow space. Also, there are other traditional ways to remove polyps such as cold forceps polypectomy and hot forceps polypectomy. In the cold forceps polypectomy, cold forceps are used to remove the polyps that stretch out of the tissue. In the hot forceps, polypectomy is similar to cold forceps polypectomy but applies diathermy to ablate residual polyp tissue through the forceps. However, with the rising technological differences, the adoption of polypectomy snares has increased. The increasing number of colon and uterine polypectomies and rising demand for CRC screening are the major factors driving the market growth. CRC screening is used to identify and remove polyps. Currently, colon and endometrial polyps are common health issues and are proliferating.

Moreover, a rising preference for minimally invasive surgeries is also anticipated to boost the demand for polypectomy snares across the globe. The polypectomy snare is a wire loop mainly designed to remove the polyp by slipping over it. Additionally, growing strategic mergers and acquisitions among the key players operating in the market, rising health care expenditure is likely to propel the market growth in the near future.

Market Segmentation

The Polypectomy Snare Market is a segment based on product, type, end-user, and geography. In terms of product type, the global market is segregated into single-use polypectomy snares and reusable polypectomy snares. In 2019, the single-use polypectomy segment is estimated to account for the significant share of the global polypectomy snares market. The demand for polypectomy snares is shifting towards single-use polypectomy from reusable. Several healthcare facilities are using single-use polypectomy snares because this type of snares is more convenient and minimize the risk of biological cross-contamination. However, the medical sector in Europe uses reusable devices to reduce the healthcare costs. Therefore, these factors are expected to overall market growth of the polypectomy snares. Segment Type comprises Single Loop Polypectomy Snare, Multiple Loop Polypectomy Snare, Braided Polypectomy Snare & Crescent Polypectomy Snare.

Based on the end-user, the market is segmented into hospitals, ambulatory surgical centers, and specialty clinics. In 2019, the hospital's segment is estimated to account for the largest share in the global market. A large number of polypectomy procedures is carried out in hospitals which are further projected to propel the growth of the segment in the global market. The surging colon and uterine polypectomy procedures is likely to increase the application of polypectomy snares in hospitals. Moreover, the ambulatory surgical center is anticipated to grow significantly in the forecast period. The large units of polypectomy snares are sold to ASCs.

Geographically, the Global Polypectomy Snare Market has been segmented into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. In terms of revenue, North America is anticipated to account for the largest share in the global polypectomy snare market in 2019. The rising preference for minimally invasive surgeries and a large number of surgeries carried out in the U.S. is projected to boost the market growth significantly within the region. Moreover, in the U.S., the favorable reimbursement scenario is also estimated to increase the demand for healthcare devices, thereby propelling the adoption of polypectomy snare. Additionally, the presence of well-established manufacturers and quality healthcare facilities are expected to upsurge the demand for the polypectomy snare market in North America.

Competitive Landscape

Some of The Key Players in The Polypectomy Snare Market:

  • Aohua Endoscopy
  • Blue Endo
  • Carmonja
  • EMED
  • Endo-Flex
  • ENDO-TECHNIK W. Griesat
  • Endo-Therapeutics
  • EndoChoice
  • EndoMed Systems
  • Healthcare Medical Changzhou
  • Jiangsu Kangjin Medical Instruments
  • Medi-Globe
  • Other Prominent Players

The Polypectomy Snare Market Report Scope

Report Attribute

Specifications

Growth Rate CAGR

CAGR of 6.0 % from 2023 to 2031

Quantitative Units

Representation of revenue in US$ Million, Volume (Unit), and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Product, By Type, By End-Users

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Competitive Landscape

Medi-Globe, Aohua Endoscopy, Mednova Medical Technology, EMED, U.S. Endoscopy (Steris PLC), Boston Scientific Corporation, EndoMed Systems, Pauldrach Medical, Blue Endo, Carmonja, Endo-Flex, ENDO-TECHNIK W. Great, Endo-Therapeutics, Jiangsu Kangjin Medical Instruments, Healthcare Medical Changzhou, EndoChoice, Ovesco Endoscopy, and Sejong Medical among others

Customization Scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1.Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2.Executive Summary

Chapter 3.Global Polypectomy Snare Market Snapshot

Chapter 4.Global Polypectomy Snare Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Industry Analysis – Porter’s Five Forces Analysis
4.6. Competitive Landscape & Market Share Analysis
4.7. Key Trends in the Market
4.8. COVID 19 Impact Analysis

Chapter 5.Polypectomy Snare Market Segmentation 1: By Products Estimates & Trend Analysis
5.1. By Products & Market Share, 2019 & 2031
5.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2022 to 2031 for the following by Products:
5.2.1. Reusable Polypectomy Snares
5.2.2. Single-use Polypectomy Snares

Chapter 6.Polypectomy Snare Market Segmentation 1: By Type Estimates & Trend Analysis
6.1. By Type & Market Share, 2019 & 2031
6.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Type:
6.2.1. Single Loop Polypectomy Snare
6.2.2. Multiple Loop Polypectomy Snare
6.2.3. Braided Polypectomy Snare
6.2.4. Crescent Polypectomy Snare

Chapter 7.Polypectomy Snare Market Segmentation 2: By End-Users Estimates & Trend Analysis
7.1. By End-Users & Market Share, 2019 & 2031
7.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2022 to 2031 for the following By End-Users:
7.2.1. Hospitals
7.2.2. Specialty Clinic
7.2.3. Ambulatory Surgical Center

Chapter 8.Polypectomy Snare Market Segmentation 3: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Type, 2023-2031
8.1.2. North America Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By End-Users, 2023-2031
8.1.3. North America Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Products, 2023-2031
8.1.4. North America Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by country, 2023-2031
8.1.4.1. U.S.
8.1.4.2. Canada

8.2. Europe
8.2.1. Europe Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) By Type, 2023-2031
8.2.2. Europe Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) By End-Users, 2023-2031
8.2.3. Europe Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Products, 2023-2031
8.2.4. Europe Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) by country, 2023-2031
8.2.4.1. Germany
8.2.4.2. Poland
8.2.4.3. France
8.2.4.4. Italy
8.2.4.5. Spain
8.2.4.6. UK
8.2.4.7. Rest of Europe

8.3. Asia Pacific
8.3.1. Asia Pacific Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) By Type, 2023-2031
8.3.2. Asia Pacific Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) By End-Users, 2023-2031
8.3.3. Asia Pacific Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Products, 2023-2031
8.3.4. Asia Pacific Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) by country, 2023-2031
8.3.4.1. China
8.3.4.2. India
8.3.4.3. Japan
8.3.4.4. Australia
8.3.4.5. Rest of Asia Pacific

8.4. Latin America
8.4.1. Latin America Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) By Type, (US$ Million) 2023-2031
8.4.2. Latin America Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) By End-Users, (US$ Million) 2023-2031
8.4.3. Latin America Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Products, 2023-2031
8.4.4. Latin America Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) by country, (US$ Million) 2023-2031
8.4.4.1. Brazil
8.4.4.2. Rest of Latin America

8.5. MEA
8.5.1. MEA revenue Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) By Type, (US$ Million) 2023-2031
8.5.2. MEA revenue Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) By End-Users, (US$ Million) 2023-2031
8.5.3. MEA Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Products, 2023-2031
8.5.4. MEA revenue Polypectomy Snare Market revenue (US$ Million) and volume (No. of Units) by country, (US$ Million) 2023-2031
8.5.4.1. South Africa
8.5.4.2. Rest of MEA

Chapter 9.Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles

9.2.1. Aohua Endoscopy
9.2.2. Blue Endo
9.2.3. Carmonja
9.2.4. EMED
9.2.5. Endo-Flex
9.2.6. ENDO-TECHNIK W. Griesat
9.2.7. Endo-Therapeutics
9.2.8. EndoChoice
9.2.9. EndoMed Systems
9.2.10. Healthcare Medical Changzhou
9.2.11. Jiangsu Kangjin Medical Instruments
9.2.12. Medi-Globe
8.3. List of Other Prominent Players

Global Polypectomy Snare Market Segmentation

Global Polypectomy Snare Market Outlook (Value (US$ Mn) & Volume(no. of units), 2019 – 2030) By Product 

  • Reusable Polypectomy Snares
  • Single-use Polypectomy Snares

Polypectomy Snare Market

Global Polypectomy Snare Market Outlook By Type

  • Single Loop Polypectomy Snare, 
  • Multiple Loop Polypectomy Snare, 
  • Braided Polypectomy Snare 
  • Crescent Polypectomy Snare

Global Polypectomy Snare Market Outlook By End-user

  • Hospitals
  • Specialty Clinic
  • Ambulatory Surgical Center

Global Polypectomy Snare Market Outlook (Value (US$ Mn) & Volume  By Region

  • Europe
    • Germany
    • Poland
    • France
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • South Africa
    • Rest of Middle East & Africa

 

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

What is the Polypectomy Snare Market Growth?

Medi-Globe, Aohua Endoscopy, Mednova Medical Technology, EMED, U.S. Endoscopy (Steris PLC), Boston Scientific Corporation, EndoMed Systems, Pauldrach

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